Moonpig Group (LON:MOON) Reaches New 1-Year High – Time to Buy?

Moonpig Group PLC (LON:MOON) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 223 ($2.91) and last traded at GBX 222.50 ($2.91), with a volume of 386562 shares traded. The stock had previously closed at GBX 220.50 ($2.88).

Analyst Ratings Changes

A number of brokerages recently weighed in on MOON. Jefferies Financial Group raised their price objective on Moonpig Group from GBX 230 ($3.00) to GBX 265 ($3.46) and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft raised shares of Moonpig Group to a “buy” rating and increased their price target for the company from GBX 195 ($2.55) to GBX 220 ($2.87) in a research report on Tuesday, July 9th. Finally, Berenberg Bank lifted their price objective on shares of Moonpig Group from GBX 265 ($3.46) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research report on Friday, June 28th.

Moonpig Group Trading Up 12.5 %

The company has a 50 day moving average of GBX 210.35 and a two-hundred day moving average of GBX 185.98. The stock has a market capitalization of £886.39 million, a PE ratio of 2,570.00 and a beta of 1.24. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24.

Insider Transactions at Moonpig Group

In other Moonpig Group news, insider Andy MacKinnon sold 9,507 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of GBX 205 ($2.68), for a total transaction of £19,489.35 ($25,449.66). Insiders own 4.31% of the company’s stock.

Moonpig Group Company Profile

Moonpig Group PLC, together with its subsidiaries, provides online greeting cards and gifts in the Netherlands and the United Kingdom. The company sells its products under the Moonpig, Buyagift, RedLetterdays, and Greetz brands through website and mobile app. Moonpig Group PLC was founded in 2000 and is headquartered in London, the United Kingdom.